Oil-Dri Co. of America (NYSE:ODC - Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $24.71 and traded as high as $43.55. Oil-Dri Co. of America shares last traded at $43.48, with a volume of 29,841 shares trading hands.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised shares of Oil-Dri Co. of America from a "hold" rating to a "buy" rating in a report on Thursday.
Read Our Latest Report on ODC
Oil-Dri Co. of America Stock Down 0.2 %
The company has a market capitalization of $625.61 million, a price-to-earnings ratio of 13.84 and a beta of 0.52. The stock's fifty day simple moving average is $40.33 and its two-hundred day simple moving average is $25.16. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.63 and a quick ratio of 1.61.
Oil-Dri Co. of America (NYSE:ODC - Get Free Report) last issued its earnings results on Monday, December 9th. The specialty chemicals company reported $0.56 earnings per share for the quarter. Oil-Dri Co. of America had a net margin of 9.92% and a return on equity of 21.84%.
Oil-Dri Co. of America Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 21st will be issued a dividend of $0.155 per share. The ex-dividend date is Friday, February 21st. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.45%. Oil-Dri Co. of America's dividend payout ratio (DPR) is 20.03%.
Insiders Place Their Bets
In other news, Director Amy Ryan sold 2,100 shares of the company's stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $41.78, for a total transaction of $87,738.00. Following the completion of the transaction, the director now owns 3,900 shares in the company, valued at approximately $162,942. This represents a 35.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Christopher B. Lamson sold 3,154 shares of the company's stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $42.75, for a total transaction of $134,833.50. Following the transaction, the vice president now owns 70,796 shares of the company's stock, valued at $3,026,529. This represents a 4.27 % decrease in their position. The disclosure for this sale can be found here. 11.66% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Oil-Dri Co. of America
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. FMR LLC grew its position in Oil-Dri Co. of America by 81.6% in the 3rd quarter. FMR LLC now owns 445 shares of the specialty chemicals company's stock valued at $31,000 after buying an additional 200 shares in the last quarter. JPMorgan Chase & Co. grew its position in Oil-Dri Co. of America by 12.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,401 shares of the specialty chemicals company's stock valued at $166,000 after buying an additional 268 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in Oil-Dri Co. of America by 5.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,500 shares of the specialty chemicals company's stock valued at $379,000 after buying an additional 271 shares in the last quarter. Foundry Partners LLC grew its position in Oil-Dri Co. of America by 1.0% in the 3rd quarter. Foundry Partners LLC now owns 37,041 shares of the specialty chemicals company's stock valued at $2,555,000 after buying an additional 350 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Oil-Dri Co. of America by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 112,183 shares of the specialty chemicals company's stock valued at $9,834,000 after buying an additional 352 shares in the last quarter. Institutional investors own 49.01% of the company's stock.
About Oil-Dri Co. of America
(
Get Free Report)
Oil-Dri Corporation of America is a manufacturer and supplier of specialty sorbent products for the pet care, animal health and nutrition, fluids purification, agricultural ingredients, sports field, industrial and automotive markets. It operates through the Business to Business Products Group and Retail and Wholesale Products Group segments.
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